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cnbc.com
U.S. Energy Secretary Wright says Iran nuclear deal may never happen
Iran warned of faster, heavier retaliation against U.S. attacks while acknowledging the war’s mounting toll on its economy.
theguardian.com
First annual fall in UK house prices since November 2023, led by London and the south – business live
Rolling coverage of the latest economic and financial newsA hedge fund manager known as “the Rottweiler” is getting his teeth into UK’s biggest private hospital operator, following a takeover battle.Spire Healthcare, which operates 38 private hospitals and more than 60 clinics across England, has agreed to be taken over by activist investor Toscafund Asset Management in a £1.02bn deal.While the Spire Directors remain confident in the long-term prospects of the business, the Spire Directors also note the ongoing challenges of delivering the Company’s standalone plan against a backdrop of macroeconomic volatility, cost pressures - in particular inflation, and the dynamic nature of the payor environment. Continue reading...
cnbc.com
Israel-Hezbollah clashes kill 11 as Lebanon president calls for U.S. support to save truce
Lebanese President Joseph Aoun called on the U.S. to help stop Israeli attacks after Sunday strikes killed at least seven people.
bbc.co.uk
Five dead after Amazon cargo plane crashes at Miami airport
Five people are dead and five seriously injured after a Boeing 767-300 cargo plane "overran" the runway and caught fire, officials say.
theguardian.com
UK house prices fall for first time in nearly three years, says Lloyds
Average property cost £298,468 in August, down by 0.4% year on year owing to interest rates and uncertaintyBusiness live – latest updatesUK house prices have fallen for the first time in almost three years, as prospective buyers were squeezed by higher mortgage rates, geopolitical uncertainty and stretched affordability.Prices have dropped by 0.4% compared with a year ago, the first year-on-year decrease since November 2023, according to the lender Lloyds. That came in below expectations of a 0.2% annual rise, according to a poll of economists by Reuters. Continue reading...
cnbc.com
CNBC Daily Open: Germany's right wins, Ukraine's stalemate and air travel incidents
Germany's right-wing party makes historic gains, Trump's envoys make little progress in Russia or Ukraine, and air travel is disrupted across the globe.
cnbc.com
China pulls in Big Tobacco to help with smaller-than-expected finance-industry capital injections
With a bigger capital cushion, financial institutions may also be asked to do more to mobilize resources in capital markets, analysts say.
bbc.co.uk
Chancellor to say UK economy 'turning a corner' despite debt concerns
John Healey will detail plans to spread growth more widely across the UK, ahead of his first Budget.
theguardian.com
Tiny cash buffers leave small UK TV firms at risk of going bust, analysis finds
Median £42,000 in reserve not enough to cover filming overrun or delay to series, industry body warnsHundreds of small UK TV companies have so little cash in reserve that a filming overrun or a delay to a series could send them bust, an industry body has warned, as programme budget cuts by broadcasters threaten their future.Analysis of the Companies House accounts filings of more than 200 of the estimated 800 independent TV production companies in the UK by the industry body Indielab has found that 40% face running out of cash within the next two years. Continue reading...
theguardian.com
England’s housing courts at breaking point as renters battle no-fault evictions
Courts said to be ‘overloaded’ as landlords sell properties and tenants with nowhere to go try to delay evictionsIt is a Wednesday afternoon at Stratford housing court, and every seat in the waiting room is full. Over the next few hours, a conveyor belt of tenants and lawyers file into the courtroom to discuss their housing disputes – up to 29 cases are dealt with in a single day.In one case, a tenant is trying to buy more time after receiving a section 21 no-fault eviction earlier in the year, before they were banned. He has had no luck finding emergency housing with his local council. Continue reading...
cnbc.com
Data centers in space: Four big obstacles and Elon Musk's ambitious timeline
Data centers in space: Four big obstacles and Elon Musk's ambitious timeline
bbc.co.uk
Cost of living on many minds ahead of Manx election
Residents, businesses and charities are focused on the economy ahead of the general election.
bbc.co.uk
How long could you manage on £3 of food a day?
It wants people to experience what it is like for people facing food insecurity.
theguardian.com
Designers should not fear being replaced by AI, industry leaders say
Firms are more likely to use technology as ‘the intern in the office’ than as a replacement for skilled staffProfessional designers should not feel “threatened” by the rapid growth of generative AI, according to business leaders, despite fears over job losses in the sector.With design and film production companies and manufacturers all adopting AI at an accelerating pace, industry bodies said the technology would be used to enhance the work of designers rather than replace them. Continue reading...
theguardian.com
Ukraine seeks to seize water company owned by billionaire family of British theatre mogul
Row centres on stake held by Patarkatsishvili family in bottled water firm it jointly owns with Russian oligarchA British theatre impresario and her billionaire family are embroiled in a bitter dispute with Ukrainian authorities seeking to seize a water company they jointly own with a Russian oligarch.The row centres on a 34% stake held in the producer of Ukraine’s biggest bottled water brands by the Patarkatsishvili family, including Liana Patarkatsishvili, who recently worked on an immersive show with Toby Jones and Meera Syal. Continue reading...
bbc.co.uk
Australians will be able to switch off social media algorithms under planned legislation
Firms like Meta, Google and TikTok should face "substantial" penalties if they don't give the option, minister says.
theguardian.com
Amazon cargo plane crash at Miami airport kills at least five – video
An Amazon cargo plane crashed at Miami international airport in Florida after the flight – arriving from Puerto Rico – overshot the runway, striking several vehicles and resulting in at least five deaths.The pilot and copilot were trapped in the cockpit as a result of the crash, Miami-Dade rescue fire chief Ray Jadallah told a news conference. He described Sunday's incident as a 'very complex situation' where the plane crashed into multiple vehicles as it ran off the tarmac, trapping several people inside their vehiclesAt least five dead after Amazon cargo plane crashes at Miami airport Continue reading...
bbc.co.uk
China to pump $54bn into state banks and insurers to boost economy
It comes as Beijing is aiming to reshape its economy in the face of a number of challenges.
cnbc.com
Treasury yields face 4.8% test as fiscal risks threaten to spill into other assets
Treasury yields face a test at 4.8%, with a sustained move above that potentially creating "meaningful problems" for other asset classes, said Miller Tabak.
theguardian.com
Why Meta started losing in court - podcast
Katy McQue, who has spent years reporting on Meta and the potential harms its platforms pose to children, explains the tactics being used by prosecutorsFor years, the investigative journalist Katy McQue has been reporting on the potential harms Meta’s platforms pose to children.Yet, as she explains to Annie Kelly, despite the mountain of evidence compiled by journalists, prosecutors, bereaved families and others, it has been nearly impossible to bring Meta and other social media companies to court. Continue reading...
cnbc.com
Volcano eruption disrupts hundreds of flights at Southeast Asia's second-busiest airport
Mount Anak Krakatau’s eruption disrupted hundreds of flights across Indonesia, with flight cancellations extending into Monday.
cnbc.com
CNBC Daily Open: Trump's ‘little excursion’ becomes an uphill battle as Iran war continues
Comments from U.S. Energy Secretary Chris Wright over suggest those promises may be increasingly difficult to reconcile.
bbc.co.uk
The £70 refund letter that isn't a scam
About one million people - mostly women - are owed pension tax relief and will be contacted by HMRC.
theguardian.com
Chancellor to argue UK economy can ‘turn corner’ despite bond market turmoil
John Healey speech on Monday will stress links between fiscal discipline and growth amid concerns his cautious approach jars with Burnham’s radical plansJohn Healey will argue the government’s plans to boost growth across the whole country will enable the British economy to “turn a corner” despite anxiety over volatile bond markets derailing Labour’s crucial first budget.The chancellor is expected to argue that fiscal discipline is “indivisible” from good growth, especially at a time of difficult global headwinds, amid concerns that his cautious approach jars with Andy Burnham’s more radical policy plans. Continue reading...
theguardian.com
At least five dead after Amazon cargo plane crashes at Miami airport
Three people in critical condition and two hospitalized as operations at one of busiest US airports brought to a haltAn Amazon cargo plane crashed at Miami international airport in Florida on Sunday afternoon after the flight, which was arriving from Puerto Rico, overshot the runway, striking several vehicles and resulting in at least five deaths.The plane erupted in flames as dark smoke billowed into the sky, bringing operations at one of the busiest airports in the US to a halt. The pilot and copilot were trapped in the cockpit as a result of the crash, said the Miami-Dade rescue fire chief Ray Jadallah. Continue reading...
cnbc.com
SEC sues ISS as Trump administration ramps up scrutiny of proxy advisers
The SEC sued Institutional Shareholder Services to enforce a subpoena as the Trump administration increases scrutiny of influential proxy advisers.
theguardian.com
EU faces 300,000 factory job cuts as China ‘colonises’ supply chains, industry warns
Protest using 10 coffins to symbolise struggling manufacturing industry to take place in BrusselsJob losses in EU manufacturing will rapidly increase unless Brussels stops the “colonisation” of industry by Chinese component manufacturers, a leading industry trade body has warned.Eurometal predicts 300,000 job losses in manufacturing in the rest of 2026 because of expanding competition from China, which is now enjoying a record €1bn-a-day trade surplus with the bloc. Continue reading...
bbc.co.uk
Jaguar Land Rover boss to meet minister as thousands of job cuts expected
Speaking to the BBC, Business Secretary Jonathan Reynolds ruled out a bailout for the company.
theguardian.com
The Guardian view on Burnham’s devolution plans: power must be accompanied by scrutiny | Editorial
Vital accountability mechanisms have withered as English devolution has evolved. The government should take note Andy Burnham has criticised Britain’s “unaccountable state” that is at once too powerful and too distant from everyday life. He has made English devolution the central idea of his premiership, but his plan to give England’s mayors unprecedented power and money will have to confront a number of tricky realities, not least a landscape in which scrutiny of local government is vastly diminished.As England’s devolution map has evolved, vital accountability mechanisms have withered. The abolition of the Audit Commission in 2015 deprived Whitehall of information about local government spending. The decision, taken by the then Tory prime minister David Cameron during his “bonfire of the quangos”, coincided with a period when cash-strapped councils were selling off assets and making risky investments. A succession of bankruptcies and scandals have since exemplified the dangers of governing in darkness, including the questions raised at Teesworks, the development led by Ben Houchen, a Tory mayor, where a “culture of excessive confidentiality” has prevailed, according to a damning 2024 government report.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
theguardian.com
China prepares £40bn stimulus for financial sector amid fears over sluggish growth
Beijing wants banks and insurers to bolster investment in stock market as it helps to replenish cash reservesChina will inject $54bn (£40bn) into its financial sector as Beijing attempts to shore up banks and insurers in the face of faltering economic growth.A host of financial institutions said they were due to receive billions of yuan in capital from state institutions including the ministry of finance and even the company that runs the country’s tobacco monopoly. Continue reading...
theguardian.com
Volcanic eruption halts flights at Jakarta and seven other Indonesian airports
Ash cloud from Anak Krakatau affects hundreds of flights and some school and fishing activitiesIndonesia halted operations at eight airports on Sunday, including from its main international hub, affecting hundreds of flights as a result of an ash cloud from the Anak Krakatau volcano.Saturday’s eruption, which produced lava and booming sounds that were heard up to 435 miles (700km) away, according to Indonesia’s geology agency, also interrupted some school activities and fishing. Two more eruptions were recorded on Sunday. Continue reading...
theguardian.com
No bailouts for Jaguar Land Rover amid reports of thousands of job cuts, says minister
Carmaker, which is battling Trump tariffs and Chinese competitors, faces talks with union leaders and governmentThe government has signalled that it will not invest taxpayers’ money to limit job losses at Jaguar Land Rover (JLR), after it emerged that the UK’s biggest carmaker is planning up to 4,000 redundancies.Before crunch talks on Tuesday between JLR, union leaders and government officials, the business secretary, Jonathan Reynolds, said it was not his job to “intervene and run businesses”. Continue reading...
theguardian.com
German startup sends first commercial rocket into space from Europe
Isar Aerospace plans rapid expansion amid race to capitalise on expanding satellite-launch marketA German startup has launched the first commercial rocket to reach orbit from continental Europe, a milestone for Europe’s efforts to secure independent access to space.Isar Aerospace said on Sunday that it would rapidly expand satellite deployments after the first orbital launch of its uncrewed Spectrum rocket from Arctic Norway, marking a breakthrough for a region where several countries are seeking a foothold in the fast-growing market for satellite launches. Continue reading...
cnbc.com
Sugar is outperforming the stock market this year. Here's what's driving it, and where it can go from here
The sweetener's prices surged last week, reflecting a sharp deterioration in the global supply outlook.
theguardian.com
Some Americans call us ‘Europoor’ - but there are seven ways we’re exceedingly rich | Emma Beddington
Our US friends may pity Europeans for our low salaries, high taxes and dependence on public transport – but they’re forgetting the really important stuff …I’m sorry to break this to you, but you may be “Europoor”. This is, apparently, what proud American patriots (the kind who describe themselves in those terms on their flag-forward X profiles anyway) are calling us Europeans, mocking us for our low salaries, high taxes and dependence on public transport.GB news presenter Tom Harwood declared this dig “entirely accurate”, but is it? Well, sort of. US post-pandemic GDP growth is more than double that of the eurozone (15.6% compared with 7.2%; the UK is even worse on 6.3%). As for wages, once you adjust for national differences in the cost of essentials such as housing, food and services, the US average is $86,977 compared with the UK’s $66,299, Germany’s $76,286 and France’s $60,483, according to the OECD. A Sunday Telegraph investigation of the “Europoor” question highlighted astronomically powerful growth of the US tech sector supercharged by AI, making it easy to raise and make big money unencumbered by “old world” regulation and taxation. “We don’t want to be like what Europe has become,” said the Republican pollster Brent Buchanan. Continue reading...
theguardian.com
Uncanny and unappetizing: appetites spoil as AI images take over food menus
Consumers are increasingly encountering AI-generated images on food menus such as leathery meat and bread resembling reptile skinDuring a recent lunch break, Jill Sennett saw something so unappetizing she had to share it with her 26,000 X followers: Artificial intelligence-generated menu images from a Jamaican barbecue pop-up restaurant in which the meats looked like leather belts crawling with tiny beetles.The images were reshared by more than 500 people who similarly expressed their disgust. Eating is “such an essential human experience”, said Sennett, a 37-year-old nurse in Denver. “I think it’s a bad cultural thing that restaurants are converting to these horrific, uncanny food images that are unappetizing.” Continue reading...
cnbc.com
‘Model fatigue’ sets in as AI labs race to roll out new versions at frenetic pace
Anthropic, OpenAI, Meta and Google all released model updates this week, while Nvidia said it's acquiring open-source AI platform Hugging Face.
bbc.co.uk
Fuel duty proposal withdrawn after discussions
Deputy Lucy Stephenson had wanted to cut the tax by 10p a litre for three months.
theguardian.com
Prediction markets have become America’s new national pastime | Dave Schilling
My parents’ generation may have been on to something when they railed against gambling. If only George Santos had listenedIf only George Santos and Bill Simmons had my parents, they wouldn’t be facing down a hailstorm of condemnation for circumventing the basic rules and regulations of dubious “prediction markets” and online gambling. Kalshi just banned the former congressman George Santos from its service and he was forced to pay back his winnings after he was accused of the dumb person’s version of insider trading. He bet on himself to not attend the State of the Union address, then conveniently didn’t go. For his trouble, he won (and will be forced to relinquish) more than $17,000; he’ll also have to pay more than $80,000 in total fines from Kalshi and the Commodity Futures Trading Commission.Bill Simmons, the sports commentator, podcast host, and founder of The Ringer, had a different story. Continue reading...
theguardian.com
Air conditioners are our best bet in the fight against extreme heat – whether we like it or not
Global AC demand will inevitably accelerate as the world continues to warm amid the climate crisisThe greenest campaigners against climate change have long suffered from a crippling shortcoming: they too often frame the challenge as a problem of excess consumption. This motivates calls to “degrow” the economy and to curb the population. The claim is that humans consume too many resources, which in the context of climate change means too much energy.Nowhere has the tension between this proposition and reality become more palpable during this sweltering summer than in the conversation over air conditioning. Continue reading...
theguardian.com
Burnham talks of radical change, but Treasury mood music says otherwise
Bond market volatility means John Healey will have to take tough decisions, soon, if he wants to meet spending pledgesIn John Healey’s bright Treasury office, overlooking St James’s Park, the artwork has not changed since his predecessor, Rachel Reeves, selected a row of Bridget Riley prints in her feminist rehang. Judging by the signals emerging from No 11 about the chancellor’s 28 October budget, not much else has changed either.Voters listening to Andy Burnham’s promises to overthrow 40 years of neoliberalism and vanquish the ghost of Margaret Thatcher would be excused for expecting a radical policy reset. Early signs suggest they may be disappointed. Continue reading...
theguardian.com
Online bookies accused of UK privacy breaches with use of cookie banners
Most gambling websites nudge users towards accepting tracking data and harvest it before consent is given, study showsOnline bookmakers and casinos have been accused of widespread non-compliance of information privacy requirements, including “data surveillance” of customers, according to a study.Nearly nine out of 10 (86%) licensed British gambling websites appear to be flouting the general data protection regulation (GDPR), the strict rules governing how organisations can collect, store and process personal data, according to the research. Continue reading...
bbc.co.uk
Why a famous Montreal sandwich shop has been forced to swap its soda
Schwartz’s, one of Montreal’s most famous delis, has changed suppliers for its black cherry soda.
theguardian.com
The student loan scam looking to dupe already anxious students
Scammers hope to siphon off some of the £2.6bn in student maintenance funds paid out each SeptemberYou are about to start university and can’t wait but then you receive a worrying text message. It is a few days before the first student loan payment is due to land in your account and apparently someone has tried to alter your bank details.“Our records indicate that your bank details on your student finance account were changed on Friday 16th. If you did not do this please contact us immediately,” says the text. Continue reading...
theguardian.com
‘Britain’s Yellowstone’: restoration project aims to take the greed out of land acquisition
Investors in Emblehope Moor will get their financial returns – and then it will be given to community or charity ownersIt is difficult to find the most remote place in England. There is no public transport, no roads and no sign of any human habitation. Online route finders mistakenly direct cars up a grassy track. But miles along gravel forest roads in the far north of Northumberland is the largest contiguous rewilding site under single ownership in the country.The vast glacial bowl of 7,500-acre Emblehope Moor has been bought for £8.5m by Restore, a nature restoration company that works with landowners across Britain. Continue reading...
theguardian.com
Travellers to EU face renewed queues as border-check flexibility rules expire
Sources indicate some members states will not enforce EES biometric controls after 6 September deadlineWhat are the new EU border checks and how will they affect your holiday?Travellers to the EU could face renewed border queues as flexibility measures for the bloc’s entry-exit system officially come to an end – although numerous sources have indicated that some member states will not enforce biometric checks.Airlines last week called on the European Commission to extend discretionary powers to pause EES controls when necessary until the end of 2026, with the deadline for “flexibility” passing on 6 September. Continue reading...
bbc.co.uk
Aviation faces hotter, stormier skies – and passengers might have to accept more disruption
Are people going to have to increasingly accept more delays and diversions as the effects of climate change intensify?
theguardian.com
Ministers plan to slash paperwork rules for small UK businesses
Business secretary looks to simplify corporate reporting rules and exempt some SMEs from certain form-filling The amount of paperwork businesses are required to regularly carry out could be slashed, the business secretary has announced.Jonathan Reynolds said he plans to simplify corporate reporting rules and exempt some small and medium-sized enterprises (SMEs) from the need to carry out certain form-filling exercises altogether. Continue reading...
theguardian.com
An algorithm off switch isn’t enough. Big tech needs a duty of care over addictive designs | Zoe Daniel
As AI advances minute by minute and governments grapple with new developments they don’t know how to manage, holding big tech accountable becomes even more urgentA digital duty of care is about a lot more than opting out of “the algorithm”. And after the simplistic and at best patchy exercise of the under-16s social media ban, we shouldn’t let the government get away with another populist policy that looks good on the surface but doesn’t get to the core of the problem.A digital duty of care must hold the tech bros accountable for the safety of the spaces that they have created. Continue reading...
cnbc.com
LeBron James teases partnership with Polymarket
LeBron James on Saturday teased an upcoming partnership with the prediction markets platform Polymarket in a social media post.
cnbc.com
Trump turns up the heat on Warsh as Fed rate hike looms
Ten days ahead of the next Federal Reserve meeting, the Trump administration looks to be in a full-court press to halt a rate hike in its tracks.
cnbc.com
U.S. attacks 3 Iranian oil tankers after missiles target Navy warships
Three Iranian crude oil carriers were hit by U.S. forces on Saturday near Iran's key oil export hub, Kharg Island, in the Gulf, U.S. Central Command reported.
cnbc.com
Trump’s state capitalism comes to the oil industry with his unprecedented Venezuela deal
The deal comes eight months after Washington ousted former President Nicolás Maduro in a military raid.
theguardian.com
Catastrophic dangers await Burnham’s push for English devolution | Phillip Inman
Like France, the UK has always been centralised – and imposing a new political structure brings huge risksDevolution in England is going to be messy and slow, and brings with it huge risks that Andy Burnham ignores at his peril.The prime minister’s devolution push will be messy because Whitehall’s ingrained anxiety about handing over money and power will lead to piecemeal deals, starting with a deal for Cornwall that will lack the much-promised driving force of a newly minted mayor. Continue reading...
theguardian.com
‘The chancellor is in a bind’: is No 11 at odds with Burnham’s big vision?
MPs applaud PM’s ambition and optimism but John Healey has yet to show he can match leader’s radical perspectiveUntil now, Andy Burnham has been a lucky prime minister. In office for just over six weeks, no major domestic crisis derailed his plans over the summer, Reform has been on the back foot, and he arrived back at Westminster with his personal approval ratings soaring and optimism undampened.But underneath the sense of relief that many Labour MPs are feeling that their high-stakes gamble of ousting Keir Starmer appears – for now – to have paid off, there is an unease that Burnham’s premiership is yet to make contact with economic reality. Continue reading...
bbc.co.uk
Jaguar Land Rover confirms planned job cuts
The firm says it needs to save about £1.7bn over the next two years.
cnbc.com
Abel: Two ways Berkshire hopes to cash in on AI
Berkshire Hathaway CEO Greg Abel tells CNBC the company is pursuing AI opportunities on two paths.
cnbc.com
This enhanced geothermal project aims to unlock gigawatts of power to fuel the data center boom
Power demand in the U.S. is rising. Fervo Energy bets that its project in Utah will prove that enhanced geothermal can be part of the power mix going forward.
theguardian.com
Deal or no deal? How to know if the retail price is right
As the government prepares to crack down on ‘phoney bargains’ we ask experts about what exactly constitutes a genuine price reductionWhen is a sale not a sale? Online and on the high street, some shops just always seem to be selling at a discount.Whether it’s the closing down sale that goes on for years, or the crossed-out original price that you can’t remember ever paying, some retailers try all kinds of ways to convince us we are getting a bargain. Continue reading...
cnbc.com
Meet the CISO: A new front line star in the AI cybersecurity war
The OpenAI-Hugging Face agent hack sent shockwaves through the business world and helped put the chief information security officer into the spotlight.
cnbc.com
GM vs. Ford: U.S. defense, energy sectors add to automakers' century-old rivalry
General Motors and Ford are looking for new potential growth areas, including by seeking military contracts and getting into energy storage businesses.
theguardian.com
‘We’re plausibly close to crossing the line’: are warnings of uncontrollable AI coming true?
A spate of serious safety incidents have increased fears about the power and impenetrability of the most advanced modelsPicture humanity in a boat being swept down a raging river, praying there is no Niagara Falls ahead. Or imagine standing with the pioneering physicists in 1942 before they triggered the first self-sustaining nuclear fission chain reaction beneath a Chicago stadium.These were two of the analogies used this week by Prof Robert Trager, an expert in the nascent field of AI governance, to describe the perilous but potential-filled moment the world stands at with accelerating artificial intelligence. Continue reading...
bbc.co.uk
Live music to raise cash for Christmas dinners
Proceeds from the event help fund Christmas for families struggling financially in the South East.
theguardian.com
The two-year trail of financial controversy dogging Reform and Farage
Six claims the party has faced – from an undisclosed £5m gift to an alleged plot to bypass election lawsAs Reform UK’s annual conference unfolded in Birmingham, the party was once again facing heightened scrutiny over its finances.Two senior officials have been suspended after they were filmed in an undercover investigation appearing to plot to get around electoral laws on foreign donations. Continue reading...
theguardian.com
Food delivery riders call on platforms to open up AI ‘black box’ they say has cut pay
Workers who blame algorithms for lowering their earnings are getting help from academics to find out how the system worksGig economy workers are urging delivery platforms to open up the “black box” of computer-driven algorithms that determine the jobs they are offered and how much they are paid, blaming increased use of AI for lowering wages.A group of food delivery riders in Edinburgh say their rates of pay have fallen and their working conditions have deteriorated at the same time as Deliveroo, Uber Eats and Just Eat, the three dominant gig economy platforms in the UK and Ireland, have increased their use of automation. Continue reading...
theguardian.com
A £500 gift or a free toothbrush: is it worth switching bank accounts?
As the battle for current account customers takes a new twist we look at how tempting the offers really areFancy up to £500 of “free” cash – or how about a complimentary eco-friendly electric toothbrush? Many of Britain’s banks are offering sizeable “welcome bonuses” and other freebies in an attempt to convince people to switch to their current accounts.This week the battle was turned up a notch. Santander is offering £240, while NatWest is hoping to tempt high-earners to defect by dangling the carrot of £500. Continue reading...
cnbc.com
Italy's Meloni just hit a major political milestone. Former leaders say economic reform must follow
Italian Prime Minister Giorgia Meloni's government became the country's longest-serving cabinet since World War II on Friday.
cnbc.com
From Trump’s takeover threats to a ‘northern neighborhood,’ why the EU chief is going to Greenland
The visit comes as Trump renews his push for greater U.S. control of the self-governing Danish territory.
bbc.co.uk
How much can Canada fight back in its trade war with the US?
The US may be the bigger trading partner, but Canada shouldn't be counted out quite yet in the escalating trade fight.
cnbc.com
Trump doubles down on threat to halt trade with top partners unless Fed cuts rates
President Donald Trump demanded that the Fed slash interest rates or else he will cut off trade with countries with which the U.S. maintains trade deficits.
theguardian.com
'Reform broke no law': Nigel Farage responds to latest donation revelations – video
Nigel Farage tells Reform UK's annual conference in Birmingham that allegations broadcast by Channel 4 News that his party had breached political donation rules were made because 'they’re scared of us'. The party has suspended two senior officials after they were filmed in an undercover investigation appearing to plot to get around electoral laws on foreign donations Continue reading...
bbc.co.uk
Trump calls for interest rate cut after jobs figures raise hike bets
The president's remarks came as stronger-than-expected jobs figures added to growing expectations that rates could be increased.
cnbc.com
U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%
Nonfarm payrolls were expected to increase by 53,000 in August while the unemployment rate held at 4.1%, according to the Dow Jones consensus.
theguardian.com
Have a little fun scamming the scammers | Letters
Gary Calder responds to an article by a Guardian Money reader who got even by stringing the fraudsters alongAnyone wishing to get their own back on bank-card scammers using the method described in your article (‘I’ve £80k in the account, here’s my pin’: turning the tables on the scammers, 29 August) might like to add a touch of realism to a made-up bank-card number by picking a known issuer identification number (the first six to eight digits) and ensure that the last digit conforms to the Luhn algorithm (it’s a check digit used to pick up errors in entering all the other digits). Further fun could be had by choosing an interesting postcode, such as SW1A 2AA (or 2AB – 10 and 11 Downing Street), SW1A 2JL (New Scotland Yard) or SL4 1NJ (Windsor Castle).Gary CalderChandler’s Ford, Hampshire• Have an opinion on anything you’ve read in the Guardian today? Please email us your letter and it will be considered for publication in our letters section. Continue reading...
theguardian.com
‘There’s no plan’: as instability in global bond markets rises, what are the knock-on effects?
From mortgages to inflation, concerns about the public finances of major economies have wide-reaching consequencesWhen Donald Trump was asked recently about the threat of rising interest rates on US government debt, he told baffled reporters: “The ultimate intervention is our military. And if we have to use that, we will.”Perhaps not surprisingly, his bellicose words did not soothe fractious bond markets, and his resumption of the bombing campaign against Iran only made matters worse. Continue reading...
bbc.co.uk
1986: Manchester's second-hand fashion mecca
Designer Jeff Banks visited Affleck’s Palace, an indoor emporium selling vintage clothing.
bbc.co.uk
UK petrol prices hit highest level since Iran war began
The price of unleaded hits 163p a litre, according to motoring group the RAC, as oil prices remain elevated.
cnbc.com
U.S. 'Economic Outcast’ operation gains momentum as EU joins sanctions; South Korea weighs military backing
The EU formally joined the U.S.-led sanctions campaign against Iran, while South Korea said it's weighing a military role to help reopen the Strait of Hormuz.
theguardian.com
A storm destroyed her tea factory. One Canadian friend kept the business alive 2,300 miles away
Two businesswomen made a promise to each other, and after two years of support, the Asheville Tea Company in North Carolina will reopenWhen Jessie Dean and Alexandra Sangster met in the summer of 2024, they made a pact. The two women both ran tea companies – Dean’s Asheville Tea Company in North Carolina and Sangster’s Sarjesa, more than 2,300 miles away in Calgary, Canada – and they pledged to support each other if their businesses ever needed it.“The first time I spoke to her, I was like, ‘If something happens to your teabag machine, I’ll make your tea,’” Sangster said. “And if something happens to mine, you can make my tea.” Continue reading...
bbc.co.uk
Xbox caps cloud gaming at 15 hours a month for Game Pass subscribers
Xbox said the limits were due to the rising cost of cloud gaming, and would allow it to invest more in its performance
cnbc.com
Why Nvidia's 'defensive move' to acquire Hugging Face is about much more than chips
Nvidia’s $12.9 billion Hugging Face deal could protect its open AI ecosystem, deepen ties with developers and keep the platform from rivals.
bbc.co.uk
US diesel prices hit an all-time-high
Fuel prices have soared since the Iran conflict began at the end of February, mirroring the surge in wholesale oil prices.
bbc.co.uk
Stock up on food to prepare for extreme weather, minister says
Dame Angela Eagle warns the weather event could lead to extreme storms this winter.
theguardian.com
UK pubs take a tip from America: the Stephen Collins cartoon
Continue reading...
theguardian.com
How will bond market turmoil affect your mortgage, pension and savings in UK?
Sell-off raises concerns of higher borrowing costs for households. Here’s what it could meanThe bond market sell-off has sparked fresh fears of higher borrowing costs for UK households. We look at what the turmoil in financial markets could mean for your mortgage, pension and savings. Continue reading...
cnbc.com
Global bond sell-off likely not over yet, Mohamed El-Erian tells CNBC
In a wide-ranging interview, the renowned economist also said the U.S. Treasury had taken "a step too far" with its market intervention.
bbc.co.uk
Prosecco, cakes and beauty products - how to get birthday freebies and why there's a catch
Cake, coffee, make-up and burgers are just some of the free things you can get on your birthday.
bbc.co.uk
Volkswagen board approves plan to cut another 50,000 jobs
The group - which includes Audi, Porsche, Skoda as well as the VW brand - plans to cut a total of 100,000 posts by 2030.
bbc.co.uk
Argentine leader threatens to sanction oil firms and reiterates Falklands claim
Javier Milei reiterates his country's claim on the British overseas territory, saying the "winds of change" favour it.
bbc.co.uk
Controversial Jackdaw gas field set to be approved in weeks, sources say
The government is set to give the go-ahead for the gas field off the coast of Aberdeen, the BBC understands.
bbc.co.uk
Would you lie to get a birthday freebie?
We ask people in London if they would fib about their birthday to get a free treat from a shop or restaurant.
bbc.co.uk
From 'dog fruit' to darling: India's avocado boom
Demand for avocados is booming in India and local growers hope to grab more of the market.
cnbc.com
Shein has made a shaky stock market entry. Can it get its mojo back?
Shein’s Hong Kong IPO puts the focus on how the fast-fashion retailer can reaccelerate growth as its low-cost model faces new pressures.
cnbc.com
South Korea's AI rally is reshaping romance, reality shows and academic preferences
South Korea rally is changing what Koreans watch, how Koreans date, and what Koreans study.
bbc.co.uk
'I lost my savings after a job interview scam'
Jobseekers, especially Gen Z, are being targeted with fake, booby-trapped recruitment apps.
bbc.co.uk
Is India's internet boom running into an undersea problem?
At least 13 of India's 18 intercontinental cables come ashore within six kilometres of Mumbai's Versova beach.
bbc.co.uk
Nvidia strikes $12.9bn deal to buy AI platform Hugging Face
The deal gives Nvidia control of a leading open-source AI platform and developer community.
bbc.co.uk
Trump $1 coin makes him first living president on US currency in a century
The US Mint special edition is stamped with a portrait of Trump alongside the words "LIBERTY" and "IN GOD WE TRUST"
bbc.co.uk
Households warned gas price spike could pile fresh pressure on energy bills
Experts warn low storage levels could push up gas prices further, leaving households with higher bills.
bbc.co.uk
B&Q and Five Guys among firms that paid staff below minimum wage
More than 600 companies underpaid staff, with £4m returned to workers, according to the government.
bbc.co.uk
Almost half of households do not see benefits of economic growth, report says
Analysis has found a "stark" gap in the spending power of households in the north and south of England on average.
bbc.co.uk
Hundreds of North Sea workers too heavy for new helicopter rules
Workers should weigh no more than 19.5st fully clothed so that they can be winched to safety in an emergency.
cnbc.com
The world appears to be entering a higher-rate era. Here’s who will pay the price
The bond sell-off is owed to a mix of high government debt issuance, an oil-price shock that has reignited inflation concerns, and expectations of higher rates.
cnbc.com
Why Hilton calls this Asian country the fastest-growing tourism market
Hilton says one Asian country is the most exciting global tourism market as regional travel surges.
bbc.co.uk
Uber launches UK's first robotaxis with a driver - here's what it's like to ride in one
The ride-hailing app has launched 15 self-driving taxis, but they will have safety drivers inside.
bbc.co.uk
Stingy bosses and spare change: How much should you give to the office whip-round?
Office whip-rounds are a staple of working life but they can raise a lot of awkward questions.
bbc.co.uk
How Victoria Beckham turned her fashion firm around and made it profitable
The pop star formerly known as Posh Spice has taken nearly two decades to turn a profit.
bbc.co.uk
Why wait? Business grads buying firms to install themselves as CEO
Impatient to be the boss of an established company they are borrowing money to fund their purchases.
bbc.co.uk
'My parents won't lend me £10k but helped my brother': When families play financial favourites
So-called financial favouritism can cause jealousy and resentment long into adulthood. Here is how experts say you can avoid it
bbc.co.uk
Overcooked? Why robotic pizza makers are failing
A string of failures has sapped confidence that robots will take over production at pizza restaurants.
bbc.co.uk
How Dolly Parton's business savvy helped her succeed far beyond the charts
While country music and films brought her fame, her entrepreneurial zeal brought her fortune.
bbc.co.uk
Firms scramble for battery power in Spain and Portugal
After last year's massive power failure Spanish and Portuguese firms are buying battery back ups.
bbc.co.uk
Drought leaves 'barely any apples' to make cider
Some orchards are harvesting just a 10th of their usual crop, and facing an uncertain future.
bbc.co.uk
'What you see is what you pay' - why some US restaurants are banning tips
Tips are central to US dining culture but some eateries think that they are unfair.
bbc.co.uk
How landscape gardening is being electrified
The switch to quieter electric equipment is not going as fast as some would like.
bbc.co.uk
Why the UK is dithering over what to do about e-scooters
Why is it taking so long for the government to regulate them, and what are the consequences of delay?
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
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